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The global oats market size reached US$ 5.24 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.95 Billion by 2027, exhibiting at a CAGR of 2.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Oats are grains obtained from the Avena Sativa plant which belongs to the Poaceae family. They are consumed by humans in the form of oatmeal or rolled oats and are also used as an ingredient in animal feed. Although with the availability of low-cost substitutes, along with changing farming practices, the usage of oats as a feed grain has significantly declined over the past few years. On the contrary, the consumption of oats as a breakfast cereal and an ingredient in baked goods has witnessed a boost due to the presence of a variety of nutrients including vitamin E, essential fatty acids, soluble fibers and antioxidants. Oats also contain beta glucan which is a lipid-lowering agent and lignan that not only lowers unhealthy cholesterol levels and prevents heart diseases but also reduces the chances of hormone-related cancers.
Increasing awareness about the health benefits offered by oats has boosted their inclusion in healthy breakfast foods and snacks like granola bars, muesli, oats biscuits and oatmeal. The market is also being driven by the substantial growth in retail chains and online platforms in confluence with the easy availability of premium oat-based products. Moreover, the fast-paced lifestyle led by the working population has catalyzed the demand for ready-to-eat oats products. Apart from this, manufacturers are constantly expanding their product portfolio by introducing oat-based beverages and bakery products in the market. Similarly, they are launching unique flavors of oats and oat-based products, such as mint, masala and orange.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global oats market, along with forecasts at the global and country level from 2022-2027. Our report has categorized the market based on product type and application.
Breakup by Product Type:
Oat flakes are the most popular product type since they are consistently gaining popularity as a breakfast cereal.
Breakup by Application:
Oats are used in a wide variety of feed products as they assist in boosting energy and preventing allergies and intestine irritation among animals. They also increase fur shine, reduce diarrhea and help avoid gluten absorption disorders.
On a geographical front, Russia is the leading producer of oats, accounting for the majority of the total global market. Within the region, oat cultivation is common in forest belt areas with a milder climate.
The competitive landscape of the market has also been analyzed with the detailed profiles of the key players operating in the major markets.
|Base Year of the Analysis||2021|
|Units||Million Tons, US$ Billion|
|Segment Coverage||Application, Product Type, Country|
|Countries Covered||Russia, Canada, Australia, United States, Chile, China, Ukraine, Others|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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